Planned merger of GAC, FAWG likely to raise competitiveness of China’s auto sector
With a view to promoting the optimization and integration of industrial resources among Chinese state-owned enterprises, as well as to enhance the company's operational efficiency, GAC plans to acquire part of the equity interest in a certain automobile manufacturing joint venture held by FAWG and will raise more funds through the issuance of A shares, according to the filing.
2026-09-17 15:54:16